New powers could be used to nationalise British Steel, 38 years since the firm was first sold off.

Catering giant Compass has cheered a boost in sales and profits.

The chain, which runs 259 stores, has been shutting shops and is in the process of cutting the size of its warehouse.

But a bank boss stressed that it was a ‘fine balance’ between helping people and being overly involved in their spending decisions.

The Financial Conduct Authority (FCA) told motor finance firms to prepare for the possible scenario that its redress scheme will not go ahead at all.

The luxury fashion retailer will announce its annual financial results on Thursday.

Modella Capital, the owner of the chain that was formerly WH Smiths high street shops, has laid out its turnaround plan to the company’s creditors.

The household energy business said it has completed the acquisition of the Severn gas turbine power station.

AGC Collective Actions Limited, represented by KP Law, has filed an application for proceedings with the UK’s Competition Appeal Tribunal.

The sports betting and gambling company said it was reviewing its shares on the London Stock Exchange and may cancel the listing.

The S&P Global UK construction PMI showed a reading of 39.7 in April, down from 45.6 in March.

The retail chain said uncertainty about the geopolitical situation could weigh on its profits in the year ahead.

It comes after NatWest’s annual general meeting was halted by activists last week.

Sir Jim Ratcliffe criticised the UK’s energy policy which he said has been inconsistent compared with a more stable landscape in the US.

The S&P Global UK services PMI survey showed a reading of 52.7 in April, up from 50.5 the previous month.

The restructuring is set to result in some 900 job losses in Europe, amounting to about 10% of its workforce in the continent.

The new outlook comes as interest rates were held at 3.75% on Thursday.

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The British oil and gas producer will publish its financial results for the first quarter of 2026 on Thursday.